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8905 Tronewood Dr

20 Unit Apartment Building $6,995,000 ($349,750/Unit) 5.16% Cap Rate Austin, TX 78758

Investment Highlights

  • Minutes away from The Domain (Austin's 2nd Downtown)!

Executive Summary

See marketing brochure for more information.
Five 4-Plexes (20 units)
-Ten 3 Bed/3 Bath Units
-Ten 2 Bed/2 Bath Units
-Fully Leased
-Completely remodeled in 2017, down to the studs
-Metal Roofs installed 2017
-Individual 4-Plexes available for $1,500,000 each
Nestled in a serene and picturesque community, Trone Villa represents the pinnacle of luxury living. This tranquil retreat is set back from the bustling thoroughfare of Hwy 183, while still providing seamless access to the vibrant retail and culinary scene of The Domain, just minutes away. This coveted corner property is surrounded with amenities, including convenient grocery stores, recreational parks, esteemed schools, tantalizing restaurants, and reputable hospitals. Enjoy walking your children to school as this development is just steps away from Wooldridge Elementary School. Comprising a total of 20 impeccably designed residences, Trone Villa stands as the premier modern residential enclave of this area. Featuring two distinct styles of living, the development boasts 10 charming one-story, two-bedroom units dubbed "Trone Pointes" and 10 elegant two-story, three-bedroom units known as “Trone Lofts” all strategically positioned along the intersecting Tronewood Drive and Trone Circle. Each home within Trone Villa, has its own private yard, perfect for entertaining friends and family. Adorned with tasteful landscaping, generous parking accommodations, and a contemporary color palette of modern burgundy and sleek grey, the property projects a feel of sophistication. Furthermore, the common areas are bathed in the gentle glow of energy-efficient LED lighting, enhancing both safety and ambiance for residents and visitors alike. Throughout this collection of exquisite two and three bedroom fourplex homes, Trone architects have created a truly elevated experience. Featuring light and bright modern style and eclectic charm, these custom designed townhome units embed hardwood and tile floors throughout. All the materials and appliances were handpicked, from high-end finishes, energy efficient, and smart fixtures, to the appealing greenery landscaping. Contemporary interiors are built with high-quality, reliability, environmentally friendly and energy efficient fixtures.

Data Room Click Here to Access

Property Facts

Price $6,995,000
Price Per Unit $349,750
Sale Type Investment
Cap Rate 5.16%
No. Units 20
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class A
Lot Size 1.25 AC
Building Size 21,900 SF
Average Occupancy 100%
No. Stories 2
Year Built 1972

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+2 10 - 980
3+3 10 - 1,280
Walk Score ®
Very Walkable (79)
Bike Score ®
Very Bikeable (83)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 247291
  • 247285
  • 247290
  • 247286
  • 247287
Land Assessment
$1,375,000
Improvements Assessment
$2,415,118
Total Assessment
$3,790,118
  • Listing ID: 31947965

  • Date on Market: 5/29/2024

  • Last Updated:

  • Address: 8905 Tronewood Dr, Austin, TX 78758

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